myFICO vs. Lender Pulled Scores

myFICO vs. Lender Pulled Scores

Simple quesiton.

Anyone have any experience comparing and contrasting these scores? If you pull a score directly from myFICO and then have a lender pull the score, are they exactly the same or is their a difference? Logic would tell me they're the same, however, stranger things have happened.

Re: myFICO vs. Lender Pulled Scores

Some lenders will buy a certain scoring model from fico. The ones that myfico gives us is their general CC model. But there are mortgage/auto enhanced fico scores. There are newer and older scoring models. FICO has many products for their lender customers. So yes your score could change dependant on the scoring model purchased by the lender.

Re: myFICO vs. Lender Pulled Scores

Interesting. I sort of assumed as much. I'm really close to that 620 threshold for a mortgage and am waiting for one last cc payment to post.

So far, my EQ is 617, my TU is 629 and my Exp FAKO is 681. Since they use the middle score, I'll be a 629 (assuming the FAKO isn't too far off.) But I have no idea where the numbers will actually land. Ugh...

Re: myFICO vs. Lender Pulled Scores

Balbanes wrote:

Some lenders will buy a certain scoring model from fico. The ones that myfico gives us is their general CC model. But there are mortgage/auto enhanced fico scores. There are newer and older scoring models. FICO has many products for their lender customers. So yes your score could change dependant on the scoring model purchased by the lender.

Actually, the scores here are (or have been) the mortgage scores, not the CC versions.

The Equifax score is 99% likely the EQ score your lender will pull. The industry name for it is Beacon 5.0.

Re: myFICO vs. Lender Pulled Scores

haulingthescoreup wrote:

Balbanes wrote:

Some lenders will buy a certain scoring model from fico. The ones that myfico gives us is their general CC model. But there are mortgage/auto enhanced fico scores. There are newer and older scoring models. FICO has many products for their lender customers. So yes your score could change dependant on the scoring model purchased by the lender.

Actually, the scores here are (or have been) the mortgage scores, not the CC versions.

The Equifax score is 99% likely the EQ score your lender will pull. The industry name for it is Beacon 5.0.

Re: myFICO vs. Lender Pulled Scores

Back in the day, when we could buy our EX here, and many mortgage lenders were still pulling TU98, you could say with a straight face that this was where to find out what your mortgage lender would see. Not so much any more, though.

Re: myFICO vs. Lender Pulled Scores

Sounds like the FICO is now a FAKO. Since there are so many FICO's, you really never know which one is real.

I'm going to start pushing my US Senator. This is completely bizarre that our entire banking and credit industry is designed around a system that is not easily understood or accessed by the consumer.

The fact you only get one credit bureau copy a year is wrong. It's your private information. It should be protected and yours to access at any time. The fact you can only get your score from a lender is wrong. The fact that there are so many different scores is wrong.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation.
Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies.
Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.